Tel Aviv Green Line contracts signed
Posted on 20th December 2023 at 11:04
The EUR 2.6bn contract for the Israeli city’s 39km Green Line light rail, announced in May 2022, reached financial close on 17 December when all the parties signed off the necessary financial commitments.
Project promoter NTA Metropolitan Mass Transit Systems awarded the contract to the TMT Metropolitan Tramway consortium, made up of Alstom, civils contractor Electra and operator Dan Public Transportation.
The European Investment Bank has agreed to provide EUR 250M in project finance through a loan to the Israeli banks that are investing IRS 6.5bn in the project. Alstom will supply track, electrification, signalling and 98 Citadis XO5 low-floor trams. The consortium will maintain the line, that includes a 4km subway under the city centre, for 25 years.
The system is designed to carry 76M passengers/year by 2030.
Passenger service on the city’s first list rail operation, the 24km Red Line, started in August 2023 using Chinese-built cars. Also under construction is the 27km Purple Line that will be equipped with CAF LRVs.
Participants in the Green Line project at the sign-off ceremony. (NTA)
Tagged as: Alstom, Tel Aviv
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